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🍒 Economics Chapter 11 & 14 Flashcards | Quizlet

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14. Money’s function as a medium of exchange means that (a) money is a common denominator for expressing the value of goods and services. (b) money can be used to store wealth. (c) money serves as an acceptable means of payment. (d) money is a standard of deferred payment on exchange contracts extending into the future. (e) All of the above. Click to Play!

a. increase the money supply and lower interest rates b. decrease the inflation rate c. increase the money supply and increase interest rates d. lower the price of government bonds e. decrease the excess reserves held by member banks What are the functions of the Fed? 5. All of the following are functions of the Federal Reserve System except a. Click to Play!

27. Explicit functions of the Fed include all of the following except: a. Conducting monetary policy. b. Conducting fiscal policy. c. Providing banking services to the U.S. government. d. Serving as a lender of last resort to financial institutions. 28. The most important policy-making body of the Federal Reserve System is the: a. Click to Play!

A) income. B) profits. C) assets used for transactions. D) earnings from labor. 2. All of the following are considered major functions of money except as a: A) medium of exchange. B) way to display wealth. C) unit of account. D) store of value. 3. When a pizza maker lists the price of a pizza as $10, this is an example of using money as a: A. Click to Play!


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22. The functions of state and local government in the area of transportation include: a. highway construction. c. taxing gasoline. b. policing the roads. d. all the above. 23. The major function of local government in education is a. hire teachers. c. set the curriculum. b. decide on which books are used. d. all the above. 24.
Money market savings certificates. D. Treasury bills. 4. Receivables may be classified as all of following except: A. Current or noncurrent. B.
48. Which of the following is false? a. Money is anything that functions as a means of payment (medium of exchange), a unit of account, and a store of value. b. The Fed monitors several measures of money because there are several aggregates that can be used to make payments.


Quantity Theory of Money


Economics Chapter 11 & 14 Flashcards | Quizlet Money functions as all of the following except


The Second Bank of the United States performed all of the following functions EXCEPT?: receiving and paying out federal funds. stabilizing the money supply. shifting funds from the West and South to the Northeast. keeping a check on the loans of other banks. making loans to the federal government.
Money functions as all of the following EXCEPT.. a measure of value a monetary unit a store of value a medium of exchange What commodity was often used as currency in Colonial America all of these nails tobacco animal skins Which of these is NOT a characteristic of money? portability durability divisibility represents something of value
One important Quantitative Monetary tool with the Federal Reserve is the: Moral Suasion Open Market Operations Credit Rationing Margin Requirements Regulation of Consumer Credit The Central Bank performs all of the following functions except: Acting as the banker to the Government Acting as the lender of the last resort Acting as a Clearing House Accepting Deposits from Commercial Banks.



econ test Flashcards | Quizlet


money functions as all of the following except
5. Federal Reserve notes serve as money in the United States. because: a. They are backed by real assets such as gold. b. Government regulation requires people to accept them as money. c. People are willing to accept them as money. d. Commercial banks won’t issue their own notes. 6. Money serves all of the following functions except: a.
14. Money’s function as a medium of exchange means that (a) money is a common denominator for expressing the value of goods and services. (b) money can be used to store wealth. (c) money serves as an acceptable means of payment. (d) money is a standard of deferred payment on exchange contracts extending into the future. (e) All of the above.

money functions as all of the following except All of the following statements about the Constitution are TRUE except: A.
It contains seven articles and 27 amendments.
It divides powers between the nation and states.
It divides the government into three separate branches.
It organizes the basic political parties found within the country.
All of the following are powers and functions assigned to the legislative branch EXCEPT: A.
Bill of Rights D.
Article I contains ten sections.
Article I gives the legislative branch power to make laws.
Article I states that Congress will be comprised of two houses.
Article I gives the Senate authority over the House of Representatives.
The two houses of Congress have checks on each read more />The executive branch has veto power and the power to appoint judges.
The judicial branch has the power to declare executive orders and laws unconstitutional.
The legislative branch has the power to pardon federal crimes and call special sessions of Congress.
What is judicial review?
The power of the Judicial Branch to review laws, Executive orders, and Executive acts to ensure that they are Constitutional.
The power of the Judicial Branch to impeach the President and members of Congress.
The power of the Legislative Money functions as all of the following except to appoint or remove Supreme Court Judges at any time.
The power of the Executive Branch to deem Supreme Court rulings unconstitutional.
All of the following are powers and functions money functions as all of the following except to the legislative branch EXCEPT: A.
Article I contains ten sections.
Article I gives the legislative branch power to make laws.
Article I states that Congress will be comprised of two houses.
Article I gives the Senate authority over the House of Representatives.
All of the following are powers and functions assigned to the executive branch EXCEPT: A.
The 1803 case of Marbury v.
Madison established judicial review.
Judicial review is specifically referred to and spelled out in the Constitution.
Judicial review gives the Supreme Court the ability to declare laws unconstitutional.
It removed all authority from state governments.
It provided a frame of government for the new nation.
It granted a number of powers to the federal government.
It gave states powers that conflicted with national interests.
Who is in charge of upholding the supremacy clause of the United New casinos all 2019 deposit no Constitution?


Four functions of money


16 17 18 19 20

D) some firms announce their prices in advance, and some firms set their prices in accord with observed prices and output. 2. All of the following are requirements for reducing inflation without causing a recession except: A) workers and firms must form expectations rationally. B) the plan must be announced before expectations are formed. C.


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